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To: Lorianne

Not a good sign, but this same “mark-to-market” was what eveyone has said was particularly bad about Sarbanes-Oxley, if I properly recal, during the last big market crash.

Suspending it for now may not be a terrible thing.


2 posted on 01/16/2016 6:22:03 PM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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To: ConservativeMind

it just seems like a desperate act now..people will run for the exits of banks and energycompanies


3 posted on 01/16/2016 6:24:41 PM PST by ground_fog
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To: ConservativeMind

I think it’s a good idea temporarily. On their financial dial statements it will indicate how it is valued, so shareholders and creditors should be aware.


10 posted on 01/16/2016 6:56:06 PM PST by Rusty0604 (1)
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To: ConservativeMind

When that was first introduced,those of us in banking said that marking to market, even on performing loans would cause huge swings in bank assets. A better solution would have been higher capital requirements and loan loss reserves. But Congress knows everything.


14 posted on 01/17/2016 4:15:47 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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